Nickel AsiaNCKAF 93 Interest Coverage is 9.36 as of Mar. 2026, which is 69% below its 10-year median of 29.75. GuruFocus rates NCKAF with a GF Score™ of 93/100 and a GF Value™ of $0.06 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,318 Metals & Mining companies, Nickel Asia ranks worse than 71.93% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Nickel Asia's
Operating Income
for the
three
months ended in Mar. 2026 was $12.7 Mil. Nickel Asia's Interest Expense for the
three
months ended in Mar. 2026 was $-1.4 Mil.
Nickel Asia's interest coverage for the quarter that ended in Mar. 2026 was 9.36.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Nickel Asia's Interest Coverage or its related term are showing as below:
NCKAF'
s Interest Coverage Range Over the Past 10 Years
Min: 15.17 Med: 29.75 Max: 61.6
Current: 25.38
NCKAF's Interest Coverage is ranked worse than 71.93% of 1318
companies
in the Metals & Mining industry
Industry Median: No Debt
vs NCKAF: 25.38
Nickel Asia (OTCPK:NCKAF) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Nickel Asia Interest Coverage Related Terms
Nickel Asia Interest Coverage Historical Data
* Premium members only.
The historical data trend for Nickel Asia's Interest Coverage can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Nickel Asia Interest Coverage Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Nickel Asia's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nickel Asia Interest Coverage vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Asia's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Nickel Asia's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nickel Asia (NCKAF) has a Interest Coverage of 9.36 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Nickel Asia and its competitors. This is 69% below median its historical median of 29.75. Over the past decade, Nickel Asia's Interest Coverage has ranged from 15.17 to 61.60. According to the industry distribution chart, Nickel Asia ranks #948 out of 1318 companies in the Metals & Mining industry, placing it in the top 71.9%.
Is Nickel Asia's Interest Coverage too high?
Nickel Asia's current Interest Coverage of 9.36 is 69% below median its 10-year median of 29.75. Over the past 10 years, this metric has ranged from a low of 15.17 to a high of 61.60. The Metals & Mining industry median Interest Coverage is 10,000.00. Nickel Asia's value of 9.36 is 99.9% below this industry median. Based on the distribution chart, Nickel Asia ranks #948 out of 1318 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Nickel Asia has a GF Score™ of 93/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Asia's Interest Coverage compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel Asia ranks #948 out of 1318 companies for Interest Coverage. This places Nickel Asia in the lower half of its industry. The industry median Interest Coverage is 10,000.00. Nickel Asia's value of 9.36 is 99.9% below this benchmark. Historically, Nickel Asia's own Interest Coverage has ranged from 15.17 to 61.60 over the past decade. While the company's 10-year median is 29.75 vs. the industry median of 10,000.00, Nickel Asia has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Metals & Mining company?
The median Interest Coverage among Metals & Mining companies is 10,000.00, based on 1,318 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nickel Asia's current Interest Coverage of 9.36 is 99.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Nickel Asia and its competitors. For the Metals & Mining industry, the median Interest Coverage is 10,000.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nickel Asia's current Interest Coverage is 9.36, which is 69% below median its own 10-year median of 29.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Asia stock overvalued right now?
Based on GuruFocus' analysis, Nickel Asia (NCKAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.06, compared to a current price of $0.10 — trading 66.7% above its estimated fair value. The current Interest Coverage is 9.36, which is 69% below median its 10-year median of 29.75 and 99.9% below the Metals & Mining industry median of 10,000.00. Nickel Asia's overall GF Score™ is 93/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Nickel Asia (NCKAF), the current Interest Coverage is 9.36 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nickel Asia (NCKAF) Overvalued in 2026?
Based on GuruFocus' analysis, Nickel Asia stock appears to be overvalued.
The current stock price of $0.10 is trading 66.7% above its estimated GF Value™ of $0.06.
GuruFocus considers Nickel Asia to be Significantly Overvalued.
Key valuation signals for NCKAF:
Interest Coverage: 9.36 (69% below median its 10-year median of 29.75)
GF Value™: $0.06 vs. price of $0.10 (66.7% above fair value)
Industry Position: 99.9% below the Metals & Mining median (#948 of 1318)
No single metric tells the full story. See the NCKAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nickel Asia Corp is a diversified natural resources development company is principally engaged in the business of producing beneficiated nickel ore, limestone, and quarry materials, rendering of services, and generating revenue from sale of power. The company has three operating segments which is The mining segment which accounts for a majority of the company's revenue includes the mining and exploration of nickel saprolite and limonite ore, limestone, and quarry materials, the services segment includes chartering out of LCT, construction and rendering of services to CBNC, THNC, and other parties and leasing of aircraft to WAISC, and the power segment is into power generation and exploration for geothermal resources.
93GF Score
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